Overview
What is Ark Valley Electric Cooperative?
Ark Valley Electric Cooperative is a nonprofit organization headquartered in Hutchinson, Kansas. They specialize in distributing electricity to approximately 5,228 rural members, operating over 2,050 miles of overhead lines and 46 miles of underground distribution lines. Established as a voluntary membership cooperative, it is open to all who can utilize its services, adhering to the principle of one vote per member. The cooperative's surplus revenues are returned to members through capital allocations, aligning with its mission to provide affordable, safe, and reliable high-quality electric energy while striving to enhance the overall quality of life for its members.
Official website here: www.arkvalley.com
Is Ark Valley Electric Cooperative legitimate?
Ark Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Ark Valley Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $477,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $987,392
For more financial information, click here
Official website here: www.arkvalley.com
What is the mission statement of Ark Valley Electric Cooperative?
The Ark Valley Electric Cooperative Association, Inc., is committed to delivering safe, dependable, and high-quality electric energy to its members at the most affordable price. The cooperative strives to enhance the overall quality of life for all its members while adhering to cooperative principles. The organization serves approximately 5,228 rural members, managing 2,050 miles of overhead power lines and 46 miles of underground distribution lines. As a voluntary organization, it is open to anyone who can utilize its services. The members control the cooperative, with each one having an equal vote. The excess revenues, beyond what's required to cover expenses, are allocated back to the members in the form of capital credits.
Official website here: www.arkvalley.com
Who is the CEO of Ark Valley Electric Cooperative?
Jackie Holmberg is the General Mana of Ark Valley Electric Cooperative.
Official website here: www.arkvalley.com
What is the revenue of Ark Valley Electric Cooperative?
Ark Valley Electric Cooperative's revenue in 2022 was $15,570,728.
Official website here: www.arkvalley.com
Who are the executives of Ark Valley Electric Cooperative and what are their salaries?
The average compensation at Ark Valley Electric Cooperative during 2022 was $97,647. There are 15 employees at Ark Valley Electric Cooperative.
Here are 16 key members and their salaries:
- Jackie Holmberg (General Mana)
- Jim Sherry (Director Of)
- Justin Tankersley (Line Foreman)
- Aryn Walton (Journeyman L)
- Ryan Walton (Journeyman L)
- Cameron Horesky (Journeyman L)
- Penny Wood (Office Manag)
- Jaime Howard (Director)
- Larry Froese (Treasurer) [Trustee/Director]
- Keith Mcnickle (President) [Trustee/Director]
- Daniel Schnurr (Vice Preside) [Trustee/Director]
- Joseph Seiwert (Director)
- Judy Kinsler (Secretary) [Trustee/Director]
- Timothy Bergkamp (Director)
- Steve Schweizer (Director)
- Budd Fountain (Director)
Official website here: www.arkvalley.com
Where can I find the form 990 for Ark Valley Electric Cooperative?
The Ark Valley Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.arkvalley.com
Learn more at the official website: www.arkvalley.com
Mission Statement of Ark Valley Electric Cooperative
Ark Valley Electric Cooperative, a voluntary organization, is committed to providing its members with safe, reliable, and high-quality electric energy at the lowest cost. This cooperative, controlled by its members with one vote per member, strives to enhance the overall quality of life for all its 5,228 rural members. The association operates over 2,050 miles of overhead lines and 46 miles of underground distribution lines.
At the heart of Ark Valley Electric Cooperative's mission is a dedication to adhering to cooperative principles. This includes a focus on community involvement and a commitment to returning any surplus margins beyond necessary expenses back to the members. The cooperative aims to provide essential electric energy services while fostering a sense of unity and collaboration among its members. By operating efficiently and effectively, Ark Valley Electric Cooperative is able to keep costs low and maintain a strong commitment to improving the lives of those it serves.
Impact
This information is meant to be a general summary of Ark Valley Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ark Valley Electric Cooperative's impact can be seen in its dedication to providing safe, reliable, high-quality electric energy to its members at the lowest cost. By distributing electricity to over 5,000 rural members through its extensive network of overhead and underground distribution lines, the cooperative ensures that its members have access to essential services. Additionally, as a voluntary organization operating on cooperative principles, Ark Valley Electric Cooperative empowers its members by allowing them to have a voice in the decision-making process. The cooperative's commitment to improving the quality of life for all its members demonstrates its significant positive impact on the community it serves.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$15,293,261
CAPITAL CREDITS
Revenue
$113,931
MISCELLANEOUS ELECTRIC
Revenue
$37,736
Organization Details
Founding Year
1939
Phone
(620) 662-6661
Principal Officer
Jackie Holmberg
Main Address
PO BOX 1246, HUTCHINSON, KS, 675041246
Website
www.arkvalley.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Ark Valley Electric Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.